State program provides reduced interest rates on farm loans
abc6onyourside.com
State program provides reduced interest rates on farm loans
Farm operators and agribusiness owners based in Ohio may now apply for a re-opened state program that helps provide reduced interest rates on loans. Ohio Treasurer Robert Sprague said Monday he has re-opened the Ag-LINK Program's application period due to the impact of recent storms and flooding on Ohio agriculture. It will remain open until ...
7 months ago
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With the new changes to our farm loan program, collateral requirements for direct loans are reduced from requiring available security equal to 150% of the loan amount down to 125%. This will allow borrowers the ability to access capital from other lenders to accelerate the growth of their farm or ranch. FSA is also removing the requirement that applicants pledge their primary residence as additional collateral for a new loan. Additionally, after establishing a history of on-time payments, FSA wi
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